Ethereum is developing a potential ABCD recovery structure, after reacting cleanly from the 0.5 Fibonacci support around $1,965.
That bounce has brought price back toward the $2,148 resistance zone, the key hurdle right now. If $ETH breaks and sustains above this level, the next area to watch sits around $2,212, with a possible extension toward the $2,280–$2,300 region as part of the D-leg completion.
As long as the $1,965 support holds, the short-term structure remains constructive. Losing that level would invalidate the recovery setup.
We’re approaching a decision zone, continuation depends on how price reacts around $2,148.
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Let’s star locking at #ETH
Ethereum is developing a potential ABCD recovery structure, after reacting cleanly from the 0.5 Fibonacci support around $1,965.
That bounce has brought price back toward the $2,148 resistance zone, the key hurdle right now. If $ETH breaks and sustains above this level, the next area to watch sits around $2,212, with a possible extension toward the $2,280–$2,300 region as part of the D-leg completion.
As long as the $1,965 support holds, the short-term structure remains constructive. Losing that level would invalidate the recovery setup.
We’re approaching a decision zone, continuation depends on how price reacts around $2,148.
$BTC $GT